• Tighter financial and credit conditions after the Fed raised its policy rate 5.25 percentage points in the last 20 months should help bring inflation down further, New York Fed Bank President John Williams said on Thursday, noting that improvements in supply chains are also easing price pressures.
  • San Francisco Fed President Mary Daly struck a similar tone in remarks to the German newspaper Borsen-Zeitung in an interview published on Thursday, noting her “base case” does not call for any further rate hikes, though it is “too early to know” if the Fed is finished with the rate increases.